The drip has started. Two big names in the Spanish energy sector, the oil company Repsol and the electricity and gas company Naturgi, have in recent days announced their first floating wind projects in the Iberian Peninsula, a technology that is still in its infancy but that is a glove. For its coastal profile: very deep water a short distance from the shore, which disables any option of installing a traditional offshore wind, which requires an impossible fixed foundation from 50 meters deep.
They are not alone: Iberdrola and other smaller companies have also expressed their interest in participating in a process that seems crucial for Spain to be able to meet its climate goals and reduce dependence on foreign energy . The Spanish executive plans to have up to three gigawatts (GW) of floating offshore wind power installed in 2030. According to information provided by the Ministry of Ecological Transitions five months ago, seven of the 27 “floating solutions for wind turbines” now operating around the world are Spanish. The production cost is still much higher than that of photovoltaic, onshore wind power and fixed offshore wind power, but the proliferation of projects will gradually make it cheaper.
Repsol has been the first to get off the hook this week with a specific plan to enter the field of floating wind power. The firm – headed by Josue John Imaz – introduced a change of model that would see it move from a purely oil business, in which most of its income statement rests today, to a more focused one on renewable energy – This Tuesday the floating has been opened through the arm of a leading firm in the sector, Danish rsted. The ambition of both companies is clear: to “jointly lead the development of floating offshore wind” in Spain.
Agreement between Repsol and orsted This includes “identifying and, where appropriate, jointly developing floating offshore wind projects” on the Spanish coast. The oil company claims to be “one of its pillars of decarbonization” in renewable generation with an ambition to reach 20 GW of installed capacity (between wind and solar) in 2030. rsted, for its part, already has 11 GW of wind power installed: 7.6 GW at sea and 3.4 GW on land, and has just opened its first office in Spain. “The supply chain is ready to enter this technology, thanks to decades of experience in supplying large fleets of onshore wind farms in Spain,” reads the statement with which Repsol has unveiled the project.
Barely 24 hours later, Naturgy has announced an agreement with Norwegian company Equinor—which already has extensive experience in the field of offshore wind power in Northern Europe and the United Kingdom and the United States—to “work together on the analysis.” For”. And in Spain this technology has “opportunities”, “which has great potential in our country”. Both companies will develop a project “that can participate in the first wind auction” offshore of Spain ”, in Canarian waters.
He knows all the sides of the coin deeply.
In this scenario, Naturgy and Equinor will join forces to explore joint possibilities in the development of this new technology in Spain. In this alliance, the Spanish energy company will contribute its experience in the development of onshore wind power in our country and the Norwegian company will contribute with its proven capabilities in floating technology. offshore,
“The development of temporary wind power opens up a very relevant window of opportunity for Spain, as it allows it to take advantage of locations off the coast with excellent wind resources, and drivers of the economy through key sectors such as the navy. Acts as it is or civil”, confirms General Director of Renewables, New Business and Innovation of Naturgy, Jorge Barredo. “It’s not only an energy opportunity, but an industrial one as well.”
Iberdrola, for its part, has already submitted to the ministry for ecological transition projects, which add more than 1,000 megawatts (1 GW) of offshore wind power in various locations throughout the national geography—the Canary Islands, Catalonia and According to sources in the company headed by Galicia- Ignacio, “Waiting that the Maritime Space Planning Scheme is finally approved, the regulatory framework is established and the competitive consensus mechanism is generated by the Ministry which is responsible for the development of projects in Spanish geography. allows progress”. Sanchez Gallon.
Only one of a trio of large Spanish power companies—Endesa—have opted out of these offshore wind development plans. reason? Its commitment to renewable technologies, such as photovoltaic or onshore wind, is in a mature stage and not so much in development. “We will focus on investing in proven technologies like photovoltaic solar or onshore wind, waiting a few years to enter a generation option that promises great long-term returns,” says a spokesman for the company headed by Jose Bogas. does.